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Now is the official notice from the Chinese government to close all the Bitcoin trading exchanges.
Now, the next revolution will be the decentralized trading exchange model!
The complete story:
Source: https://www.coindesk.com/unverified-document-lists-closure-steps-for-chinas-bitcoin-exchanges/![]
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Is this not just FUD to crash the market only to buy cheap and build confidence in this shiny digital currency once more?
No, the Chinese government will shut down all the crypto trading exchanges within his territory. So the consequence, the investors sell their positions and the money flow out from the crypto space.
They are all closing, that is correct. However we don't exactly know why. China might regulate these exchanges and they need licensing. When this happens, every citizen will come back and rates will skyrocket.
Personally, we can live without China in the crypto space!
I love that statement, we need consistency in the crypto-world, that is the only way more valueable investors can dive in.